Government Properties Income Trust (GOV) Hits New 12-Month Low at $8.41

Shares of Government Properties Income Trust (NASDAQ:GOV) reached a new 52-week low during trading on Wednesday . The stock traded as low as $8.41 and last traded at $8.68, with a volume of 44181 shares changing hands. The stock had previously closed at $8.57.

Several equities analysts have recently issued reports on the company. BidaskClub cut Government Properties Income Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. ValuEngine upgraded Government Properties Income Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Royal Bank of Canada set a $14.00 price target on Government Properties Income Trust and gave the company a “sell” rating in a research report on Wednesday, August 8th. Bank of America lifted their price target on Government Properties Income Trust from $12.50 to $14.00 and gave the company an “underperform” rating in a research report on Monday, August 13th. Finally, TheStreet upgraded Government Properties Income Trust from a “d+” rating to a “c” rating in a research report on Friday, August 3rd. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Government Properties Income Trust currently has a consensus rating of “Hold” and a consensus target price of $12.00.

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The company has a market capitalization of $878.96 million, a price-to-earnings ratio of 4.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 1.73.

Government Properties Income Trust (NASDAQ:GOV) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $103.90 million. Government Properties Income Trust had a return on equity of 0.64% and a net margin of 4.14%. The company’s revenue was up 51.2% compared to the same quarter last year. During the same period last year, the company posted $0.41 EPS. Sell-side analysts anticipate that Government Properties Income Trust will post 1.98 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, October 29th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 20.02%. The ex-dividend date of this dividend was Friday, October 26th. Government Properties Income Trust’s dividend payout ratio is presently 85.15%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in shares of Government Properties Income Trust by 7.5% in the second quarter. Macquarie Group Ltd. now owns 63,400 shares of the real estate investment trust’s stock worth $1,005,000 after buying an additional 4,400 shares during the period. Rehmann Capital Advisory Group boosted its position in shares of Government Properties Income Trust by 243.4% in the second quarter. Rehmann Capital Advisory Group now owns 7,510 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 5,323 shares during the period. Atria Investments LLC boosted its position in shares of Government Properties Income Trust by 32.9% in the second quarter. Atria Investments LLC now owns 23,219 shares of the real estate investment trust’s stock worth $368,000 after buying an additional 5,754 shares during the period. Rhumbline Advisers boosted its position in shares of Government Properties Income Trust by 3.3% in the second quarter. Rhumbline Advisers now owns 256,039 shares of the real estate investment trust’s stock worth $4,058,000 after buying an additional 8,243 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Government Properties Income Trust by 905.6% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 10,750 shares of the real estate investment trust’s stock worth $273,000 after buying an additional 9,681 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

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Government Properties Income Trust is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, DC market area that are leased to government and private sector tenants.